Cheap Homes for Rent in Forest Manor Neighborhood of Indianapolis, IN from $600 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Forest Manor area of Indianapolis.

property at 5959 E 24th St

5959 E 24th St

IndianapolisIN46218

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Showing Results 1-21, Page 1 of 1

Forest Manor, Indianapolis, IN Local Guide

Cheapest Available Forest Manor Apartments for Rent

 

The cheapest available apartment rental in the Forest Manor area of Indianapolis, IN is a 1 Bed unit found at Frederick Square priced from $788. Indy Town Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $793. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Frederick SquareFrederick Square 1 bedroom1BR,1BA$788
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$793
East Village at Avondale Meadows ApartmentsB12BR,2BA$829
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$845
Hopeside I2.2-40%-H2BR,2BA$852

Best Value Apartments for Rent in Forest Manor, IN

As of November 28, 2025 the best value apartment in the Forest Manor area is the $0.93 price per square foot 2.2-40% Model at Hopeside I in the in the Martindale neighborhood starting from $852. The second greatest value Forest Manor apartment is the 2 Beds, 1 Baths Model at Heritage Apartments starting at $1,150 with a $1.31 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Forest Manor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hopeside I2.2-40%2BR,2BA$0.93
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.43
7 Pointe ApartmentsAdmiral1BR,1BA$1.36
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.13
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.16
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$1.27
The Prairies Apartment Homes1 Bedroom 1 Bath Apartment - Classic1BR,1BA$1.35

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Forest Manor, Indianapolis, IN

Ranked #246

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Forest Manor

What type of rentals are currently available in Forest Manor?

There are currently 84 Apartments for Rent in Forest Manor, IN with pricing that ranges from $649 to $6,880. There are also 105 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Manor ranging from $649 to $3,900.

What is the current price range for Rental Homes in Forest Manor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Manor ranges from $649 to $3,900 with an average monthly rent of $1,351.

How much are larger Three and Four Bedroom Rentals in Forest Manor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Manor range from $1,395 to $6,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $1,885. Four Bedroom Single-Family rentals are also available starting from $1,297 and Four Bedroom Apartments start at $1,075.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.